Forward Air ( (FWRD) ) has released its Q1 earnings. Here is a breakdown of the information Forward Air presented to its investors.
Forward Air Corporation is a leading asset-light provider of transportation services across the United States, Canada, and Mexico, specializing in expedited less-than-truckload services, truckload brokerage, and multimodal solutions through its Omni Logistics division.
In its first-quarter 2025 earnings report, Forward Air Corporation announced a significant year-over-year improvement in consolidated financial results, driven by strategic operational execution and pricing improvements in its Expedited Freight segment. The company reported strong liquidity and an increase in income from operations.
Key financial highlights include a 13.2% increase in operating revenue to $613 million, a turnaround in income from operations from a $66 million loss to a $5 million gain, and a 31.1% reduction in net loss to $61 million. The Expedited Freight segment saw a 4.3% increase in revenue per hundredweight, excluding fuel surcharge, and a notable improvement in EBITDA margin. The Omni Logistics segment reported a 43.9% increase in operating revenue, contributing to the overall positive performance.
Forward Air’s liquidity position strengthened, with cash flow from operations increasing liquidity to $393 million. The company remains focused on executing its strategy, enhancing shareholder value, and addressing economic and tariff uncertainties.
Looking ahead, Forward Air Corporation remains committed to its strategic initiatives, focusing on customer satisfaction and operational efficiency to drive growth and improve financial performance in the coming quarters.